ST XiFa: Pre-restructuring delayed by one month, uncertainty about entering the restructuring process.

ST West announced that on July 25, 2023, the Lhasa Intermediate People's Court decided to conduct a pre-reorganization of the company. On February 25, 2026, the company received a decision letter from the Lhasa Intermediate People's Court, which, due to the complexity of historical issues and some of the debts involving historical legacy issues, decided to extend the pre-reorganization for one month, until March 25, 2026. As of the disclosure date of the announcement, the company has not received any documents from the court regarding the acceptance of the reorganization application. There is uncertainty as to whether the company can enter the reorganization process, whether the stock trading will be subject to delisting risk warning, and whether the listing will be terminated.